Presented below is a partial trial balance for the Alias Corporation at December 31, 2021.
|Cash tied to repayment of bands payable||100,000|
|Allowance for Doubtful Accounts||24,000|
|Notes Receivable (due Nov. 1 2022)||120,000|
|Interest Receivable (on Notes Receavable)||4,000|
|Raw Materials Inventory||36,000|
|Work in Process Inventory||38,000|
|Finished Goods Inventory||98,000|
|Prepaid Insurance (exp June 30, 2022)||60,000|
|Accumulated Dep. - Bldg||740,000|
|Accumulated Dep - Eqmt||230,000|
|Patents (net of amortization)||120,000|
|Bonds Payable (mat. sept. 30 2025)||500,000|
|Interest Payable (on bonds)||7,000|
- Interest receivable on the notes is due every six months.
-Interest payable on bonds is due every March 31st and September 30th.
-Management does not intend to sell any of its marketable securities in the next year.
-Unearned revenue will be earned equally over the next eighteen months.
What are the total current assets, current liabilities and total assets December 31, 2021??
|Cash tied to repayment of bands payable||100000|
|Interest on Bonds||7000|
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